Electric Bicycles - Slovenia | Statista Market Forecast

Revenue in the Electric Bicycles market in Slovenia is forecasted to hit US$110.10m in 2024.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 2.45%, leading to a projected market volume of US$124.30m by 2029.
Unit sales in the Electric Bicycles market in Slovenia are set to reach 67.19k bicycles in 2029.
The volume weighted average price of Electric Bicycles market in Slovenia in 2024 is expected to be US$1.80k.
Looking at in Slovenia specifically, it is evident that the most revenue will be generated China (US$12bn in 2024).
In Slovenia, the Electric Bicycles market is experiencing a surge in demand, driven by the country's focus on sustainable transportation solutions.

Definition:

Electric bicycles are means of transport designed to transport people and goods for professional and private purposes. They are used for leisure activities such as travelling or for physical exercise. Depending on the specific purpose and rider, bicycles come in different shapes and features.

They are powered by combination of human strength and by electrically powered motors.

In recent years, different renting models have been established such as bike-sharing, in which bicycles can be rented for a defined period in exchange for a fee. These rented bikes are not included in this market outlook. Only bikes that were purchased for ownership are covered.

Structure:

The electric bicycles market covers all types of bicycles with electrical assistance, including road and racing bicycles, off-road bicycles, and special purpose bicycles. However, motorcycles, scooters, mopeds, secondhand bicycles, as well as bikes purchased by bike-sharing services are not included.

Additional information:

The market comprises the number of bicycles sold, the average price paid per bicycle, revenue, and revenue growth as the key performance indicators. Revenue is derived as the product of the average price per bicycle times the number of bicycles purchased. Therefore, revenue excludes any profits from bike-sharing fees. Revenues are including VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.

Electric Road and racing bicycles such as cruiser, e-standard, e-gravel road-,e-touring-, and e-fixed gear bikes

Motorcycles, scooters, mopeds, regular bicycles
Secondhand bicycles
Bike-sharing bicycles
Rented bicycles

The Electric Bicycles Market in Slovenia has seen minimal growth, influenced by factors such as limited consumer awareness and lack of government support. However, with the increasing demand for eco-friendly transportation, the market is expected to experience significant growth in the coming years.

Customer preferences: The Electric Bicycles Market within the Bicycles Market in Slovenia has seen a rise in popularity, driven by a growing focus on sustainable and eco-friendly transportation options. With the country's commitment to reducing carbon emissions, consumers are increasingly opting for electric bikes as a greener alternative to traditional vehicles. This trend is further fueled by the rise in health and wellness consciousness, as electric bikes offer a convenient and environmentally-friendly way to incorporate physical activity into daily routines. Additionally, the aging population in Slovenia has also contributed to the demand for electric bikes, as older individuals seek out easier modes of transportation to maintain their independence and mobility.

Trends in the market: In Slovenia, the Electric Bicycles Market within the Bicycles Market is experiencing a surge in demand, driven by increasing awareness about eco-friendly transportation options and growing concerns about air pollution. This trend is expected to continue in the coming years, with the government providing incentives for the adoption of electric bicycles. This presents opportunities for industry stakeholders, such as bicycle manufacturers and retailers, to tap into this growing market and diversify their product offerings. Additionally, the rise of e-commerce and online retail platforms is enabling easier access to electric bicycles, further fueling the growth of this market in Slovenia.

Local special circumstances: In Slovenia, the Electric Bicycles Market within the Bicycles Market is influenced by the country's strong cycling culture and its commitment to sustainability. The government has implemented policies to promote the use of electric bicycles, such as subsidies and tax incentives. Additionally, Slovenia's mountainous terrain and scenic landscapes make it an ideal market for electric bicycles, catering to both recreational and commuting needs. This unique combination of factors has contributed to the growth and popularity of the Electric Bicycles Market in Slovenia.

Underlying macroeconomic factors: The Electric Bicycles Market within the Bicycles Market in Slovenia is heavily impacted by macroeconomic factors such as consumer purchasing power, government regulations, and overall economic stability. As Slovenia is a small and open economy, it is greatly influenced by global economic trends, such as fluctuations in exchange rates and trade policies. Additionally, the country's fiscal policies, including tax incentives and subsidies for electric bicycles, play a significant role in driving market growth. Moreover, the increasing awareness and concerns about environmental sustainability and the government's efforts to promote sustainable transportation are also contributing to the growth of the Electric Bicycles Market in Slovenia.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of electric bicycles and the respective average prices for bicycles.

Modeling approach:

Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.

Additional notes:

The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The bicycle market in Germany has been enjoying dynamic development for a very long time. Bicycles are a popular way to get around in both urban and rural areas, with young children learning to ride firmly entrenched in the national culture. Germany has a variety of scenic bike routes, but looking out for bike lanes in a city is a daily part of life both for cyclists and pedestrians. Many cyclists value the multiple advantages cycling brings – physical activity, saving money by foregoing commuting with public transport or driving, and the eco-friendly aspect. A German city, Munster, even made it on the list of the eight most bike-friendly cities in the world in 2022.